For Sale
$16,133,000

1811 Monocacy BlvdFrederick, MD 21701

135,655 SF, 8.25% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a fee-simple interest in a 135,655-square-foot At Home retail property located at 1811 Monocacy Blvd, Frederick, MD 21701. The property boasts a strong 8.25% cap rate and a substantial net operating income (NOI) of $1,330,965. Built in 2018, this single-tenant building benefits from an absolute NNN lease with a corporate guarantee from At Home, a nationally recognized home décor retailer. The lease commenced March 28, 2019, and has a remaining term of 10.7 years, extending to July 31, 2035, with four 5-year renewal options. Rent increases annually at 2%. The property enjoys a prime location with excellent visibility, situated along Liberty Road, experiencing approximately 41,000 vehicles per day, and directly across from a high-performing Walmart Supercenter. The surrounding area features a strong demographic profile, including an average household income exceeding $144,000 within a one-mile radius. This investment offers significant long-term cash flow potential with minimal landlord responsibilities. The price per square foot is $118.93, and the asking price for the property is $16,133,000. This is a rare opportunity to acquire a high-performing, passively managed retail investment with a national tenant and significant upside potential.

Highlights

  • High-traffic location across from The Shops at Monocay, drawing 1.8 million annual visitors.
  • Excellent visibility and accessibility with 41,130+ vehicles per day on Liberty Road.
  • Positioned next to a top-performing Walmart, boasting 3.2 million annual visitors.
  • Modern building constructed in 2018 to suit tenant needs.
  • Strong demographics with $144,000 average household income within a one-mile radius.
  • Zero landlord responsibilities for the tenant.

Property Details for 1811 Monocacy Blvd

Property type
Retail properties, Retail space
Square Feet
135,655 SF
Year Built
2018
Buildings
1

Location Insight

City
Frederick
County
Frederick
State
Maryland
Latitude
39.446133773873
Longitude
-77.386513010287
1811 Monocacy Blvd, Frederick, Maryland

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1811 Monocacy Blvd
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